×
ECR

McClarkin: Use blockchain to revolutionise international trade

27 September 2018

McClarkin: Use blockchain to revolutionise international trade

We need to utilise blockchain technology to boost trade urges ECR MEP Emma McClarkin. Miss McClarkin today unveiled her report that highlights blockchain’s potential to simplify and streamline international trade in the European Parliament’s trade committee. Her report calls for the EU to update its customs procedures to use blockchain to reduce the costly and burdensome paperwork that businesses and authorities need to fill in to trade.

We need to utilise blockchain technology to boost trade urges ECR MEP Emma McClarkin.

Miss McClarkin today unveiled her report that highlights blockchain’s potential to simplify and streamline international trade in the European Parliament’s trade committee. Her report calls for the EU to update its customs procedures to use blockchain to reduce the costly and burdensome paperwork that businesses and authorities need to fill in to trade.

Miss McClarkin, ECR International Trade Spokesman, said: “There is tremendous potential for blockchain to revolutionise the way businesses trade and exchange information, goods and ideas. The EU must start to foster and incorporate this technology and I hope my fellow MEPs will support my call for innovative technology to be put at the heart of our trade policy.”

“Blockchain can be used to cut the customs paperwork enabling businesses to strengthen their supply chains. That means smaller businesses will find it easier to trade and new jobs will be created. If this emerging technology is fully embraced globally by customs agencies it could boost world trade by 15%.

“My report also shows how blockchain can improve transparency throughout the supply chain giving consumers greater certainty about what products they are buying.”

SHARE

ECR

OUR TWEETS

ECR Group

14 hours ago

The Conference on the #FutureOfEurope is clearly seen by many as an opportunity to turn Europe into a big super sta… twitter.com/i/web/status/1…

ECR Group

16 hours ago

🚨 #SOTEU 🚨 Watch ECR MEPs weigh in on @EU_Commission President @vonderleyen's #SOTEU21 address now ⤵️ pic.twitter.com/nYqFTXKK2A

ECR Group

18 hours ago

🚜 Agriculture is the beating heart of rural life in #Europe. Yet 🇪🇺 farming employment rates have seen better days… twitter.com/i/web/status/1…

ECR Group

19 hours ago

The 🇪🇺 needs to focus on combatting illegal immigration. A "no-borders" ideology will lead to nothing but chaos.… twitter.com/i/web/status/1…

ECR Group

yesterday

🦠 The effects of the #Covid19 pandemic are still upon us ❗️ We need to act to stop history from repeating itself… twitter.com/i/web/status/1…

ECR Group

yesterday

🧪 #Europe has given birth to countless inventions & innovations. We can't let ourselves fall behind. By cutting r… twitter.com/i/web/status/1…

ECR Group

yesterday

The 🇪🇺 was created by our nations to serve them, not the other way around. 𝗢𝘂𝗿 𝗮𝗶𝗺? 🎯 To preserve the sovereignty… twitter.com/i/web/status/1…

ECR Group

2 days ago

"In #Cuba, we face one of the most vicious crackdowns on innocent people wanting change and #democracy in their cou… twitter.com/i/web/status/1…

ECR Group

2 days ago

We all know that #Cuba has no intention of upholding its side of the 🇪🇺-🇨🇺 Agreement. It's time to say "enough is e… twitter.com/i/web/status/1…

ECR Group

2 days ago

Again this year, the people of #Cuba took to the streets to demand their basic rights – the same rights we take for… twitter.com/i/web/status/1…





© 2020. All rights reserved. European Conservatives and Reformists Group